Crypto Hack Losses Jump 27% in July to $142M, Led by CoinDCX and GMX
Main Idea
Crypto hack losses surged 27% to $142 million in July 2025, with major breaches at CoinDCX and GMX accounting for the majority of the losses.
Key Points
1. Crypto hack losses in July 2025 totaled $142 million, a 27.2% increase from June, with 17 major security breaches reported.
2. CoinDCX lost $44.2 million due to an insider breach involving a compromised employee, with funds distributed across six wallets and potential links to North Korea’s Lazarus Group.
3. GMX suffered a $42 million re-entrancy exploit but recovered $40.5 million through a white-hat agreement, with the attacker keeping a $5 million bounty.
4. Other significant breaches included BigONE ($28 million), WOO X ($12 million), and Future Protocol ($4.2 million).
5. In the first half of 2025, crypto investors lost over $2.2 billion to hacks and scams, with $187 million recovered through law enforcement and white-hat efforts.
Description
Crypto hack losses jumped 27.2% to $142 million in July 2025, up from $111.6 million in June, as seventeen major security breaches targeted exchanges and DeFi protocols, according to PeckShield data. Indian exchange CoinDCX suffered the month’s largest attack at $44.2 million through insider involvement, while GMX lost $42 million in a re-entrancy exploit before recovering funds through a white-hat agreement. Source: PeckShield CoinDCX Breach Exposes Insider Threat Through Employee Compromise Th...
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